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Policy uncertainty in Japan /
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our ov...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
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| Colección: | IMF working paper ;
WP/17/128. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Contents; I. INTRODUCTION; II. RELATED LITERATURE; III. MEASURING ECONOMIC POLICY UNCERTAINTY IN JAPAN; IV. POLICY UNCERTAINTY AND AGGREGATE ECONOMIC PERFORMANCE; V. CONCLUDING REMARKS; REFERENCES; Figures; 1. Japan Economic Policy Uncertainty Index (1987M1-2017M3); 2. Fiscal Policy Uncertainty Index (1987M1-2017M3); 3. Monetary Policy Uncertainty Index (1987M1-2017M3); 4. Fiscal Policy Uncertainty Indices for Japan and the United States; 5. Monetary Policy Uncertainty Indices for Japan and the United States; 6. Trade Policy Uncertainty Index (1987M1-2017M3).
- 7. Exchange Rate Policy Uncertainty Index (1987M1-2017M3)8. Japan EPU Index and Option-Implied Volatility of Nikkei Equity Index; 9. Our Fiscal Policy Uncertainty Index Compared to Ito's Political Uncertainty Index; 10. Proximate Sources of Economic Policy Uncertainty; 11. Impulse Responses to Unit Standard Deviation EPU Innovation, Monthly Data; 12. Impulse Responses to Unit Standard Deviation EPU Innovation, Quarterly Data; 13. Historical Contribution of Japan EPU Shocks to GDP and Investment Fluctuations.
- 14. Robustness to Alternative VAR Specifications with Quarterly Data: GDP Impulse Responses to a Unit Standard Deviation Japan EPU InnovationTables; 1. Term Sets for the Overall Japan EPU Index; 2. Term Sets for Policy Category Uncertainty Indices; 3. Correlation of Japan EPU Indices with Other Uncertainty Measures; Appendix; Additional Information about our Japan Economic Policy Uncertainty Indices.